ING DELAYS
Flooding in the upper mid-west continues to cause delays for new business. For more information visit: http://ping.fm/nmsA8
Archive for June, 2011
Change in Pru LTCi Employer-Sponsored Participation (ESP) Requirements
Effective Tuesday, July 19, 2011, ESP long-term care cases must have at least 10 employee lives to be considered for Simplified Underwriting. NEW group size participation and underwriting requirements are as follows: Two to nine employees: Full underwriting. No minimum participation requirement. (Used to be 7.) 10 to 250 employees: Ten employees must be issued [...]
MetLife LTC to Implement a Policy Exchange Offer for California VIP2 Policyholders
MetLife LTC will be offering VIP2 and VIP2 California Partnership (CAP) policyholders who were issued coverage in the state of California the opportunity to exchange their coverage to MetLife’s newest product offering, MetLife LTC LifeStage AdvantageSM. The exchange is being made per CA regulations, which require that existing policyholders be informed of and given the [...]
Health Insurance Agents Ask: What happened to my commissions?
After the medical loss ratio provision of the Affordable Care Act (ACA) went into effect, commissions across the country were slashed, leaving many agents wondering whether they were in the right business. Meanwhile, consumers, thinking that the government was about to swoop in with a new health insurance plan, shied away from agents and held [...]
The Problem with Ratings and the Comdex solution
Ratings have become one of the most important pieces of information about a life insurance company. Ratings provide a convenient reference point from which to judge the financial health of a company. Ratings also provide a way to compare one company to another. Unfortunately, ratings are not easy to understand. The biggest problem is that [...]
